0:00
Last week alone, we saw just over 660
0:03
products withdrawn from the mortgage
0:04
market. Around 2/3 of active lenders
0:07
making either hikes or withdrawals. That
0:09
sounds like a lot. However, if we look
0:10
back at other crisis points, so the
0:13
mini-budget being the most recent in the
0:15
mortgage market, we actually saw more
0:16
substantial changes around then. So,
0:18
around 930 or so products disappeared in
0:21
a single day at one point then. And that
0:23
was around 25% of the market at that
0:26
point in time. In comparative terms,
0:28
it's bad maybe isn't quite as bad as
0:30
we've seen previously. And in Blue Peter
0:33
presenter style, I brought some graphs
0:34
with me as well to show you exactly what
0:35
we mean. So, you can see actually this
0:37
big dip down here. That's post Liz Truss
0:39
mini-budget. And that's when we saw a
0:41
considerable number of product leave the
0:43
market. But since then, we've seen a
0:44
really steady increase in number of
0:46
available product. And then we get this
0:48
dip now following the US-Israeli led
